Summary
New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Others segments. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People's Republic of China. The company also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, it offers online education services through the Koolearn.com platform that provides comprehensive online education courses, including college educational services, such as college test preparation, overseas test preparation, and English language learning for college students and working professionals preparing for standardized tests or seeking to enhance their English language proficiency; and educational content packages to schools and institutional customers, including universities, public libraries, telecom operators, and online video streaming providers. Further, the company develops and edits educational materials for language training and test preparation. As of May 31, 2022, it offered educational programs, services, and products to students through a network of 107 schools; 637 learning centers; and nine bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.
History
Beijing New Oriental School was established on November 16, 1993, by Yu Minhong, an English teacher at Peking University. He initially focused on the TOEFL and GRE exams but then expanded the company to provide services for various other exams and fields as well. The school is now one of the largest companies in China, and on September 7, 2006, New Oriental was listed on New York Stock Exchange.
Mission
Our mission is to provide quality education and learning solutions that enable students to reach their personal, educational and professional goals.
Vision
Our vision is to empower students from all walks of life to excel in the changing world.
Key Team
Ms. Sisi Zhao (Investor Relations Director)
Mr. Tung-Jung Hsieh (Sr. Adviser & Director)
Mr. Qiang Wu (Head of The Beijing School)
Mr. Zheng Zhao (Gen. Mang. & Managing Partner, New Oriental Education Culture Industry Fund)
Recognition and Awards
New Oriental has been recognized for its excellence in education with numerous awards, including being named one of the “China's Top 10 Most Influential Education Brands” by China Educational Equipment Industry Association and the China Education Association for International Exchange.
References